Category Archives: Uncategorized

“No one is ever really sorry when an economist dies.”

said Walter Bagehot. After the subprime crisis burst in 2008, people were probably thinking: no one is ever really sorry when a banker dies. I recommend reading about a mock trial of economists organized by LSE in 1933. I found … Continue reading

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Bundesbank declares ‘war’ on Mario Draghi bond bail-out at Germany’s top court

Germany’s Bundesbank has issued a devastating attack on the bond rescue policies of the European Central Bank, rendering the eurozone’s key crisis measure almost unworkable. http://www.telegraph.co.uk/finance/financialcrisis/10021894/Bundesbank-declares-war-on-Mario-Draghi-bond-bail-out-at-Germanys-top-court.html This is news from April but the solution/next info is to be expected in … Continue reading

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Lorenzo is back! (At least in media)

The A-List: Lorenzo Bini Smaghi: Do not trust politicians to supervise Europe’s banks Bank supervisory authorities that are not sufficiently independent, and are too closely associated with the political authorities, are generally under pressure to delay the identification of insolvent … Continue reading

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A dramatic story of a Prussian helmet, Falschmuenzer and the future of the EMU

(Reuters) – On a warm summer day on the eve of the Olympic Games, European Central Bank President Mario Draghi stood up at a business conference in London and dropped a bombshell. http://www.reuters.com/article/2012/09/26/us-ecb-draghi-plan-idUSBRE88O09A20120926

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Governor of the Bank of Canada to be the next CEO of the Bank of England

Mark Carney to be next Bank of England governor Mark Carney, governor of the Bank of Canada, will be the next governor of the Bank of England, George Osborne told MPs on Monday.

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Jolla – Finnish smartphone domination continues

http://youtu.be/tRZxM9rNyZ4 also visit http://www.slush.fi

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Draghi enters lion’s den to sell bond-buying plan

I found this article on Reuters Mobile (us.mobile.reuters.com) Draghi enters lion’s den to sell bond-buying plan BERLIN (Reuters) – European Central Bank President Mario Draghi faces a two-hour grilling on Wednesday from German lawmakers who fear his bond-buying plan to … Continue reading

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The ECB printing machine gets louder and louder…

“A legislative framework is to be agreed among member states by 1 January 2013. The European Central Bank (ECB) will be given supervisory responsibility, with the power to intervene in any bank within the eurozone.” http://www.bbc.co.uk/news/world-europe-19999998

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REPORT: Europe’s Big Plan To Fix The Banking System May Be Illegal

Long live central bank independence! “According to a report from the Financial Times, the big idea on the table right now to stem the eurozone banking crisis may be illegal.” Read more e.g. here http://m.yahoo.com/w/legobpengine/news/report-europes-big-plan-fix-171036774.html?orig_host_hdr=news.yahoo.com&.intl=US&.lang=en-US

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The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2012 Alvin E. Roth, Lloyd S. Shapley

http://www.nobelprize.org/nobel_prizes/economics/laureates/2012/ Congratulations!

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